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CPI Preview: Inflation to fall below 14% YoY in May

Pakistan records FDI of $258m in March

Pakistan records FDI of $358.8m in April
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April 22, 2024 (MLN): Pakistan has recorded a Foreign Direct Investment (FDI) of $258.04m in March, compared to an FDI of $169.91m in the Same Period Last Year (SPLY), the latest data issued by the State Bank of Pakistan (SBP) showed.

Comparison on a month-on-month basis shows that the country reported a direct investment of $131.2m in the previous month.

Cumulatively in 9MFY24, the country fetched an FDI of $1.1bn against the $1.22bn attracted in the Same Period Last fiscal year.

Within the direct investments in the review month, there was an inflow of $330.15m, up by 39.41% YoY, while the outflow increased to $72.11m, up by over 7.79% YoY.

Concerning portfolio investment under FDI, an inflow of $18.63m was witnessed through equity securities, as compared to an inflow of $2.66m in March 2023.

The foreign private investment into the country amounted to positive $276.67m in March 2024, as compared to private investment worth $172.57m recorded in March 2023.

Meanwhile, with respect to foreign public investment, an inflow of $34.53m was witnessed during the review month through equity securities.

Accordingly, the total foreign investment in the review month clocked in at $311.2m, compared to an investment of $172.6m in March 2023.

On a cumulative basis, within 9MFY24, the total foreign investment stood at $1.264bn as compared to foreign investment of $202.22m reported in the corresponding period last year.

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Posted on: 2024-04-22T16:43:24+05:00